Sunday 31 October 2021

Key Components Of Partnership Deed

Partnership deed plays the role foundation of any partnership business, basically it is a legal document between the partners of the firm or entity, Partnership deed clarify the role and responsibilities of each partners and their share pattern, As it is the written document so it provides the security and peace of mind to the partners regarding investment and profit sharing. 

For drafting partnership deed we need to be very careful because it is the primary document of agreement between the partners, if any error or mistake happens it may create lots of problems especially financial loss in future.

So lets learn how to draft Partnership deed In Pakistan?  And what are the most important factors of partnership deed in Pakistan?

Stamp Paper:

Partnership deed should be drafted on more than Rs 1000/= Stamp Paper, And it Should be Attested and Notarized From Notary Public Of Pakistan.

CNIC Copies of Partners and Witnesses:

Clear Cnic/Snic Copies of All the Partners and Witnesses must be attached with Partnership Deed, Signatures/ Thumb Impression must be clearly visible on Cnic

Firm Name:

Firm Name should be mentioned on partnership Deed, and it should be matched with NTN if Applicable.

Nature Of Business:

Nature of Business should be clearly mention on Partnership Deed. I.e School, Flour Mills, Commission Agent.

Date Of Commencement:

Date Of Commencement Should be mentioned on Partnership deed, For Example The Start up Date of XYZ Business if 16/09/2021.


This is very important thing in partnership deed, which clarify that how the financial transaction will be performed, who will be responsible for operating bank account.

Share Pattern:

Share Pattern should be correctly mentioned on partnership deed, because share pattern shows your ownership and capital investment in company, For example In XYZ Company, Total Capital is 100M and there are Two Partners, For Partner |A and B Share Pattern Will be 50%,50% .  

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